WDC/Sandisk Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation

WDC 155.45

+3.0%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Art Bechhoefer who wrote (7631)	10/14/1999 1:58:00 PM
From: JJB	Read Replies (2) of 60323

Art, Good observations. With has latest- info 50%+- held by SEG, 25%+- insiders and 10 - 15% held by institutions, oh yeah don't forget the short shares. I would love to know if there have been any shifts in those numbers. That leaves a float of 3 - 4 million shares. As NASDAQ counts both sale and purchase as we approach 7,000,000 divided by 2 = 3,500,000 shares changed homes? That's the float!! This is market manipulation that can be achieved through illegal naked short and shorting on the downtick. This practice damages companies by causing them to dilute (lower price more shares) then they would otherwise have to. Don't even whisper "secondary". Not only do individuals with stops and margin calls get hurt but also innovative well-managed companies are kept away from capital. Where the SEC? Will they go after misleading headlines? They will more likely go after the company and public statements of the principals than check the clearing of all these shares. Which explains Dr. H normal gloom and doom. I have done well on this stock by playing contrarian as I have done again recently in repurchasing shares. It still sucks. jjb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next